According to the latest coronavirus (COVID-19) count from Reuters, global cases reached 60 million, and the death toll reached 1.4 million, on Wednesday. The analysis also mentioned that the pace of new infections is accelerating and the United States reports a record number of hospitalizations.
The details suggest that the US reported 1 million new COVID-19 cases in less than a week, bringing its total reported infections to more than 12.5 million and its death toll to 260,000, according to the report.
More information indicates: “In Europe, 1 million new cases were registered in just five days, for a total of more than 16 million cases, including 365,000 deaths.”
In addition, it is mentioned that India continues to be the second most affected country worldwide with almost 9.2 million cases. However, the rate of new cases has slowed in recent weeks.
Market implications
News like this slows down global trade sentiment, which in turn could be seen well in the Wall Street close at the end of the day on Wednesday.
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